Thomson Reuters Co. (NYSE:TRI) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. reduced its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 22.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,056 shares of the business services provider's stock after selling 14,592 shares during the quarter. Intact Investment Management Inc.'s holdings in Thomson Reuters were worth $7,319,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Trust Co. of Vermont purchased a new stake in shares of Thomson Reuters during the 3rd quarter valued at $27,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Thomson Reuters during the 3rd quarter valued at $28,000. Pacifica Partners Inc. increased its position in shares of Thomson Reuters by 162.0% during the 4th quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider's stock valued at $34,000 after purchasing an additional 149 shares during the last quarter. Operose Advisors LLC purchased a new stake in shares of Thomson Reuters during the 3rd quarter valued at $37,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in shares of Thomson Reuters during the 4th quarter valued at $37,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Trading Up 1.2 %

Thomson Reuters stock traded up $1.83 during trading hours on Friday, reaching $154.40. The company had a trading volume of 278,801 shares, compared to its average volume of 270,268. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.90. The company has a 50-day moving average price of $155.53 and a 200 day moving average price of $145.47. The firm has a market cap of $69.70 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 3.97 and a beta of 0.65. Thomson Reuters Co. has a 12-month low of $117.46 and a 12-month high of $161.57.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.06. Thomson Reuters had a return on equity of 14.01% and a net margin of 39.67%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company earned $0.76 EPS. The business's quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts forecast that Thomson Reuters Co. will post 3.58 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were given a dividend of $0.54 per share. The ex-dividend date was Tuesday, February 20th. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a dividend yield of 1.40%. Thomson Reuters's payout ratio is currently 36.99%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. CIBC increased their price target on Thomson Reuters from $146.00 to $152.00 and gave the stock a "neutral" rating in a research note on Thursday, March 14th. Barclays upgraded Thomson Reuters from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $150.00 to $180.00 in a research note on Thursday, March 14th. Scotiabank increased their price target on Thomson Reuters from $142.00 to $159.00 and gave the stock a "sector perform" rating in a research note on Friday, February 9th. National Bank Financial upgraded Thomson Reuters from an "underperform" rating to a "sector perform" rating in a research note on Tuesday. Finally, TD Securities raised their target price on Thomson Reuters from $210.00 to $225.00 and gave the stock a "hold" rating in a research note on Wednesday, March 13th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $157.42.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.